Toyo sees FY25 revenue $375M-$400M

“In the second half of 2025, we are focused on scaling up production of solar cells at our Ethiopian facility to a run-rate of 4GW while diverting production at our Vietnamese facility to growing markets that are not subject to the high tariffs that now exist in the U.S.,” said Junsei Ryu, Chairman and CEO of TOYO (TOYO). “We intend to judiciously expand our U.S. module capacity as we are able to refine our sourcing strategy and balance investment priorities. Despite some changes to energy policy, we believe that solar energy is the best option for adding capacity to the energy grid quickly and affordably, as well as meeting the increasing growth in electricity demand in the U.S. and other developed countries. We expect that the cash generated from these facilities will provide us with the flexibility to fund continued expansion internally.”